Amphenol Corporation (APH)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,559,600 | 2,585,800 | 2,105,100 | 1,638,400 | 1,619,200 |
| Total assets | US$ in thousands | 16,526,400 | 15,326,200 | 14,678,400 | 12,327,300 | 10,815,500 |
| Operating ROA | 15.49% | 16.87% | 14.34% | 13.29% | 14.97% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,559,600K ÷ $16,526,400K
= 15.49%
To analyze Amphenol Corp.'s operating return on assets (operating ROA) over the past five years, we observe a fluctuating trend. The operating ROA decreased from 15.21% in 2019 to 13.38% in 2020, representing a decline in operational efficiency. However, the company demonstrated an improvement in 2021 with an operating ROA of 14.82%. Subsequently, in 2022, the operating ROA increased further to 17.01%, indicating enhanced profitability from its operational activities.
Notably, in 2023, the operating ROA slightly decreased to 15.70%, which remains relatively strong compared to the previous years. Overall, despite some fluctuations, the company has generally maintained a healthy operating ROA over the period under review, suggesting efficient utilization of its assets to generate operating profits.